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Bank guarantee

Contract between a bank as guarantor and a beneficiary in which the bank commits itself to pay a certain sum under certain, specified conditions. Thus, a demand guarantee is one in which the bank agrees to pay against the simple written demand of the beneficiary.

News On Bank guarantee
It's not a big negative if there are no rate cuts: SBI Chairman

29-08-2016| Source:CNBC-TV18

The Reserve Bank of India has released its annual report for 2015-16. According to the report the country's economic growth is still not on a strong wicket and inflation projections remain

Sahara chief offers in SC to pay Rs 300 cr as bank guarantee

26-08-2016| Source:PTI

Sahara chief Subrata Roy today offered in Supreme Court to pay an additional Rs 300 crore to Security and Exchange Board of India (SEBI) but said the amount should be adjusted as bank guarantee

Export promotion body ECGC pays Rs 65 cr dividend

17-08-2016| Source:PTI

Commerce Minister Nirmala Sitharaman met with senior officials of to deliberate on strengthening of EXIM Bank and ECGC.

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